KFH-Bahrain backs Islamic banking summit
Manama, December 15, 2009
Kuwait Finance House, Bahrain, a leading provider of Islamic commercial and investment banking services, is supporting an international conference on Islamic banking and finance as a gold sponsor.
The two-day AAOIFI – World Bank Annual Conference on Islamic Banking and Finance 2009 opened yesterday (December 14) at the Crowne Plaza Hotel in Bahrain.
The conference is organised by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in partnership with the World Bank.
“Given the current international financial crisis, the world is increasingly looking towards Islamic finance and banking to provide new and innovative policies and instruments to seek new growth markets based on solid and fair foundations, especially in the post-crisis landscape,” said Abdulhakeem Alkhayyat, managing director and CEO of KFH-Bahrain.
“The conference provides a unique and high profile platform for the advancement of the global Islamic banking industry,” he added.
“The exchange of viewpoints and ideas during the conference, not only contributes to the growth of our knowledge, but also inspires excellence and best practice in our work.”
Alkhayyat continued: “The AAOIFI Islamic Banking and Finance Conference is the ideal forum for discussion and for setting standards for the conduct of the Islamic financial business. The co hosting of the World Bank for this event is a clear vindication of the credibility that the AAOIFI enjoys and for the importance of Islamic banking in general.”
The AAOIFI and World Bank Conference is held each year to consider the emerging requirements and needs of Islamic financial institutions around the world and addresses issues that have arisen as the Islamic banking sector has steadily grown.
The conference is addressing several important topics including expanding access to finance to small businesses and households, the way forward for Tawarruq (monetisation) transactions, sukuk, equity or debt instruments, investment accounts versus deposit accounts, derivatives, interbank money market operations, and issues on bankruptcy, liquidation, merger and acquisition. – TradeArabia News Service
More Finance & Capital Market Stories
- Qatar sets up mixed business incubator
- Kuwait budget spending up 8pc in April-Jan
- Thomson Reuters to host Mena IFR awards
- ADIB offers smartphone industry investment
- Gulf Finance House to start $3bn Tunisia project
- KFH completes ICT project upgrade
- Egypt urban annual inflation slows to 9.8pc
- BIBF signs deal with Palestinian institute
- Bahrain’s GDP set to expand 12pc
- KFH-Bahrain rebrands priority banking
- Bank Nizwa wins top Islamic bank award
- Qatar labour costs may jump: IMF
- Kuwait Q3 trade surplus hits $23bn
- Dubai trade growth up 7.6pc to $362bn
- Deloitte appoints new managing director
- Al Ramz tops UAE trading in Feb
- IFC in $150m loan deal with Bank Audi
- SME funding focus for Abu Dhabi forum
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX
- Infrastructure investment ‘key to growth’
- BKIC declares 30pc dividend
- StanChart profit falls 16pc in 2013